3040 Post Oak

JLL Capital Markets, as exclusive advisor, is pleased to present the opportunity to acquire the loan (the “Loan”) secured by the property located at 3040 Post Oak (the “Property”). The Loan matures on February 10, 2025. Discussions are underway between the lender and the cooperative borrower concerning a possible path to title to the Property through the acquisition of the Loan along with a subsequent closing of a pre-negotiated deed-in-lieu of foreclosure.

The 22-story, office building measures 426,009 rentable square feet and is currently 61.4% leased to a diverse collection of tenants for 5.3 years of remaining lease term. 3040 Post Oak is located in the heart of the Galleria submarket, situated along Post Oak Blvd and Hidalgo St. Just moments away from 610 West Loop, the Property presents superior access to Houston's employee base due to the Property's proximity to major thoroughfares, surrounded by high-density luxury multifamily, and an affluent residential base in Tanglewood and River Oaks. Given the current occupancy levels, the owner of the Property will be able to capture significant upside through the lease up of the remaining vacancy, well positioned to benefit from ten ants seeking to locate in the Galleria sub-market.

3040 Post Oak represents a unique opportunity to acquire a Class-A value-add asset in Houston's preferred infill submarket at an extremely attractive basis.